The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.

The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.

The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.

Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.

The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday.

The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.

The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.

Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.